NETWORK-1 TECHNOLOGIES, INC. — Director's Dealing 2011

Dec 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NETWORK 1 SECURITY SOLUTIONS INC (NSSI-OTC)
CIK: 0001065078
Period of Report: 2011-12-15

Reporting Person: KAHN DAVID C (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-15	Common Stock, $01 par value per share	M	60000	$0.68	Acquired	60000	Direct
2011-12-15	Common Stock, $01 par value per share	F	32125	$1.27	Disposed	27875	Direct
2011-12-16	Common Stock, $01 par value per share	M	15000	$0.68	Acquired	42875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-15	Option to purchase common stock (right to buy)	$0.68	M	60000	Disposed	2011-12-20	Common Stock (60000)	Direct
2011-12-16	Option to purchase common stock (right to buy)	$0.68	M	15000	Disposed	2011-12-20	Common Stock (15000)	Direct